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A U.S. watchdog agency is preparing to investigate the Federal Reserve and other regulators in order to determine whether they are too lenient on the banks they are meant to police.

1. What is the strategy to be used in this investigation?
2. Explain the “revolving door” concept that the article mentions.
3. What is the relationship between the Fed, Congress, and the GAO?
4. Which lawmakers are involved in this proposed action?

Spicer, J. (2016).Exclusive: U.S. watchdog to probe Fed’s lax oversight of Wall Street. Reuters, Mar. 4 (Retrievable online at